Amazon in Swindon
Employment land within the New Eastern Villages will see Amazon take up residency in what is said to be the biggest single warehouse sale in British history. The leader of Swindon council says it’s a massive vote of confidence in the town.
Developer Panattoni was given permission in June for a huge new warehouse to be built at Symmetry Park – just off the A420 opposite the Gablecross police station – in what was described as a £400m investment in Swindon. While Panattoni is staying on the project as the developer, it has sold the warehouse to Legal and General Investment Management for £200m.
Amazon’s expansion, including the single 2.3 million sqft letting at Panattoni Park in Swindon, accounted for one-third of all 2020 take-up so far, a total of 11.5 million sq ft. The data from Cushman & Wakefield comes as Knight Frank released predictions that e-commerce will stimulate demand for up to 92 million sqft of new UK warehouse space in the coming three years.
The new warehouse space at New Eastern Villages is expected to be completed towards the tail end of 2021.
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